Des, I am an English student and i recieve a BBSRC stipend of approx £800 a month, and i still drift into my overdraft at the end of each month!!!! Realistically, i reckon you need about 9-10K to be comfortable and to be able to go out and have a good time!
I live 9 months of the year in Bristol on ~ £3800 (ie standard student loan) and didn't finish either of my 1st 2 years with an overdraft. That would make just over £5000 a year which is a lot less than the standard advice. Bear in mind (a) I had cheap rent (which accounted for about half what I spent) (b) I was already used to living on a budget in England and (c) I don't drink alcohol, which makes a difference when you're out every night of the week :)
5K as a PhD student - NO CHANCE!!!!!!!!
If you wanna have a life that is. I admit that a large majority of PhD students do tend to be boring sods, but it doesnt have to be that way. In my opinion, £5,000 is no way near enough. Think about rent, bills, food, gym, socialising etc and that wont last 5 minutes.
Just to prove my point. 5K is roughly £415 a month. Based on my actual budget, it would go something like this. Rent = £250; Bills = £30-40; Gym = £45 (ok you could not have this, but then you would be fat). That leaves £92 for four weeks of food, travel, socialisng, clothes, records etc.
Thanks everyone!!! It sounds as if I'll be fine if I can just get a good place to stay. And Steve - I know your budget was supposed to scare me off but I think it sounded reasonable. :) Maybe it's a different situation for me because I know I will eventually have to pay back everything i spend.
Jonathon - 3K a year, are you sure??? I really dont believe that. It works out at £250 a month (assuming you are a postgrad and do 12 months a year). That amount would not even cover my rent and bills. How much is your rent mate? im intrigued! Never mind spending what you dont have, i would starve on that amount. . . . literally.
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